MARKET OUTLOOK AND FUTURE TIPS FOR TOMORROW

Nifty
fell 62 points to 5,851, its lowest closing level since 6 March. The index hit
a low of 5,842 in intraday trade. The index hit a high of 5,893 in intraday
trade.Unless the Nifty falls below the
5850-mark, we need not be too upset by any profit taking led corrective
downswing. Our concern would begin from levels below 5850 and it would give
rise to serious misgivings if we find the index sliding below 5815 on high
volume activity and large position build-up......

The important levels to watch
out for are located at 5910, 5890 and then the range between 5880 and 5860.
First, these levels need to be taken out before we start thinking that the
bears are trying to wrest some of the initiative from the bulls. Then we need to
follow the levels between 5850 and 5830 this is a major demand zone.

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The usage of this blog confirms to the policy that the investment in stock market has inherent risks and author or his clients may or may not be following the recommended tips.The author will not be held responsible for any loss incurred by following the advice.